PROXY PHARMA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PROXY PHARMA
Largest movements
- Tangible fixed assets +€177,415
up €177,415 (+78.4%), from €226,200 to €403,615
of which Land and buildings: +€194,719
- Stocks and contracts -€13,064
down €13,064 (-10.5%), from €124,085 to €111,022
- Receivables within one year +€12,230
up €12,230 (+24.7%), from €49,436 to €61,666
of which Trade receivables: +€6,648
- Intangible fixed assets -€9,000
down €9,000 (-28.6%), from €31,488 to €22,488
- Debts after one year +€170,671
up €170,671 (+76.4%), from €223,372 to €394,042
- Profit (loss) carried forward -€41,800
down €41,800 (-82.4%), from €50,703 to €8,902
- Trade debts +€21,995
up €21,995 (+15.2%), from €144,886 to €166,881
- Other debts +€10,561
up €10,561 (+7.3%), from €145,462 to €156,023
- Current portion of long-term debt +€8,900
up €8,900 (+30.3%), from €29,418 to €38,318
- Depreciation +€35,677
up €35,677 (+75.5%), from €47,241 to €82,918
- Gross operating margin -€15,501
down €15,501 (-8.2%), from €189,045 to €173,544
- Taxes -€11,582
down €11,582 (-78.2%), from €14,818 to €3,236
- Financial charges +€7,350
up €7,350 (+62.6%), from €11,750 to €19,101
- Staff costs +€5,345
up €5,345 (+9.7%), from €54,839 to €60,183
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €627,848 | €796,376 | +€168,528 | +26.8% |
| Fixed assets | 21/28 | €257,688 | €426,103 | +€168,415 | +65.4% |
| Intangible fixed assets | 21 | €31,488 | €22,488 | -€9,000 | -28.6% |
| Tangible fixed assets | 22/27 | €226,200 | €403,615 | +€177,415 | +78.4% |
| Land and buildings | 22 | €122,794 | €317,514 | +€194,719 | +158.6% |
| Plant, machinery and equipment | 23 | €31,507 | €26,393 | -€5,115 | -16.2% |
| Furniture and vehicles | 24 | €71,898 | €59,709 | -€12,190 | -17.0% |
| Current assets | 29/58 | €370,161 | €370,274 | +€113 | 0.0% |
| Stocks and contracts in progress | 3 | €124,085 | €111,022 | -€13,064 | -10.5% |
| Stocks | 30/36 | €124,085 | €111,022 | -€13,064 | -10.5% |
| Amounts receivable within one year | 40/41 | €49,436 | €61,666 | +€12,230 | +24.7% |
| Trade receivables | 40 | €47,254 | €53,902 | +€6,648 | +14.1% |
| Other amounts receivable | 41 | €2,182 | €7,764 | +€5,582 | +255.8% |
| Cash at bank and in hand | 54/58 | €193,788 | €197,586 | +€3,798 | +2.0% |
| Deferred charges and accrued income | 490/1 | €2,852 | - | -€2,852 | |
| Total equity and liabilities | 10/49 | €627,848 | €796,376 | +€168,528 | +26.8% |
| Equity | 10/15 | €71,163 | €29,362 | -€41,800 | -58.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €50,703 | €8,902 | -€41,800 | -82.4% |
| Amounts payable | 17/49 | €556,685 | €767,014 | +€210,329 | +37.8% |
| Amounts payable after more than one year | 17 | €223,372 | €394,042 | +€170,671 | +76.4% |
| Financial debts | 170/4 | €223,372 | €394,042 | +€170,671 | +76.4% |
| Amounts payable within one year | 42/48 | €333,314 | €372,246 | +€38,932 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €29,418 | €38,318 | +€8,900 | +30.3% |
| Trade debts | 44 | €144,886 | €166,881 | +€21,995 | +15.2% |
| Suppliers | 440/4 | €144,886 | €166,881 | +€21,995 | +15.2% |
| Taxes, remuneration and social security | 45 | €13,548 | €11,024 | -€2,524 | -18.6% |
| Taxes | 450/3 | €7,400 | €3,399 | -€4,001 | -54.1% |
| Remuneration and social security | 454/9 | €6,147 | €7,625 | +€1,478 | +24.0% |
| Other amounts payable | 47/48 | €145,462 | €156,023 | +€10,561 | +7.3% |
| Accrued charges and deferred income | 492/3 | - | €726 | +€726 | |
| Remuneration, social security and pensions | 62 | €54,839 | €60,183 | +€5,345 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,241 | €82,918 | +€35,677 | +75.5% |
| Other operating charges | 640/8 | - | €0 | +€0 | |
| Non-recurring operating charges | 66A | €3,042 | - | -€3,042 | |
| Gross operating margin | 9900 | €189,045 | €173,544 | -€15,501 | -8.2% |
| Operating profit (loss) | 9901 | €83,924 | €30,442 | -€53,481 | -63.7% |
| Financial income | 75/76B | - | €94 | +€94 | |
| Recurring financial income | 75 | - | €94 | +€94 | |
| Financial charges | 65/66B | €11,750 | €19,101 | +€7,350 | +62.6% |
| Recurring financial charges | 65 | €11,750 | €19,101 | +€7,350 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | €72,173 | €11,436 | -€60,738 | -84.2% |
| Income taxes | 67/77 | €14,818 | €3,236 | -€11,582 | -78.2% |
| Profit (loss) for the period | 9904 | €57,355 | €8,200 | -€49,156 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,355 | €8,200 | -€49,156 | -85.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.